Buy to let mortgage brokers are celebrating a buoyant first quarter of business as landlord demand for loans increased.
Almost 80% of mortgage brokers expect buy to let to continue growing for the rest of the year, according to the findings of a buy to let broker sentiment survey by Paragon Mortgages. Continue reading Confidence is high for buy to let landlords and brokers
Mortgage brokers have come under fire from consumer watchdogs for failing to advise customers about the risks of short-term borrowing to earn huge commissions.
After a mini-boom in lending over the year reported by bridging lenders, the Financial Services Authority (FSA) has warned that some brokers are doubling or trebling their fees by recommending bridging to customers rejected by banks and building societies. Continue reading Brokers Slammed for Bridging Loan Abuse
Mortgage borrowers who have loan applications rejected when they have directly approached lenders should consider looking for help from a mortgage broker.
Many borrowers are turned down for a loan at the first attempt because they do not know how to ‘package’ themselves as an attractive prospect for a lender, according to a study by financial services provider Legal and General. Continue reading Millions snubbed by mortgage lenders should turn to brokers
Two of the UK’s largest buy to let mortgage providers have introduced a criteria not to accept mortgage applications for properties purchased through property sourcers. This has angered many people who don’t have the time to source properties for themselves or the necessary negotition skills. Continue reading Questions to ask a Property Sourcer